Red Bear AI's RMB 210M Series A Is a Signal About Where Physical AI Is Heading When a single investor backs the same company four consecutive times — seed through Series A — that is not momentum investing. That is conviction about a technical thesis. Huayu Ventures has now led or co-led every round Red Bear AI has raised, and this latest Series A of RMB 210 million (≈$29.4 million) brings the company's post-money valuation past RMB 1.5 billion (≈$210 million). Three members of the founding team also co-invested approximately RMB 30 million (≈$4.2 million) at the same valuation — a meaningful signal of internal confidence at a moment when many AI startups are burning cash without clear commercial returns. What this round signals is not simply that physical AI is attracting capital. It signals that a specific architecture — one that prioritises persistent memory and multi-modal perception over…